Strength Seen in American Well (AMWL): Can Its 18.8% Jump Turn into More Strength?

Company Performance and Financials - American Well is expected to post a quarterly loss of $2 82 per share in its upcoming report representing a year-over-year change of +17 1$66 57 million down 5 8% from the year-ago quarter [2] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days [3] - American Well Corporation (AMWL) shares rallied 18 8% in the last trading session to close at $8 58 [5] Industry and Peer Comparison - American Well is part of the Zacks Medical Info Systems industry [3] - Standard BioTools (LAB) another stock in the same industry closed the last trading session 26 4$2 06 [3] - LAB has returned -14 7% in the past month [3] - For Standard BioTools the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0 03 representing a change of +62 5$21M in cash at closing and an additional earn-out payment [1] - The transaction will strengthen American Well's balance sheet while emphasizing the focus on growing accretive software contribution in the product mix [1]